Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Aster−0.093%100s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.093% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	189.23	0	get 0.0000% / 8h	5h 39m	$38K	$11K	20x
Short	GRVT CRDO_USDT_Perp	189.05	0	get 0.0000% / 8h	5h 39m	$293	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GRVTbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → 0.000%: −$9.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; GRVT: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell GRVT live order book, 18 min ago	3.17 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRDO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	−0.0024%	1h	189.01	−0.114%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDTlong	0.0000%	8h	189.23	long leg	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	189.11	−0.061%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.20	−0.014%	$716K	$741K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.10	−0.066%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.12	−0.056%	$657K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.00	−0.119%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.95	−0.144%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perpshort	0.0000%	8h	189.05	−0.093%	$293	$116K	10x
SunX CRDO-USDT	0.0000%	8h	188.78	−0.235%	$991	$517K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.96	−0.140%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.15	−0.040%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.12	−0.056%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.84	−0.204%	$196K	$893K	20x	as long as short
Paragon para:CRDO	+0.1659%	1h	189.61	+0.203%	$1.3M	$450K	10x	as long as short